Western Asset Emerging Markets Debt Fund Inc. Announces Election of Directors
April 30, 2018 at 08:30 am
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Western Asset Emerging Markets Debt Fund Inc. announced the results of fund’s annual meeting of shareholders held April 27, 2018. Carol L. Colman, Daniel P. Cronin and Paolo M. Cucchi were elected as Class I Directors of the Fund by owners of its common stock to hold office until the annual meeting of shareholders in the year 2021 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed.
Western Asset Emerging Markets Debt Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income and its secondary objective is to seek capital appreciation. It invests primarily in United States (U.S.) dollar and non-U.S. dollar denominated debt securities of issuers in emerging market countries. Under normal market conditions, the Fund invests at least 80% of its managed assets in debt securities of issuers in emerging market countries. The Fund may invest up to 20% of its managed assets in non-debt securities and non-emerging market issuers, including equity securities. It may invest in securities denominated in currencies of emerging market countries. The Fund seeks to maintain an average portfolio duration between 20% above and 20% below the average duration of the JPMorgan Emerging Markets Bond Index Global Diversified. Its investment manager is Legg Mason Partners Fund Advisor, LLC.